Tetsu Matsui, president and COO of Sumitomo Riko Co. Ltd. (TYO:5191), said in a recent interview with Japan Rubber Weekly that although net sales fell due to currency exchange losses caused by a higher yen and despite a cloudier picture that falling business confidence paints for future profits, the company’s performance has been largely as planned. Matsui said that Sumitomo...
Combined rubber hose production (new rubber) for May was 2,446 tons, a 6.6 percent decrease over previous years, while shipping revenue for the month dropped 2.6 percent to 9.8 billion yen ($96 million), according to records collated by the Japan Rubber Hose Manufacturers Association based on statistics from the Ministry of Economy, Trade and Industry (METI). Both production and shipping...
Rubber belt production for May totaled 2,003 tons in terms of new-rubber volume, down 3.6 percent from the same month of the previous year, while shipments were valued at 5.6 billion yen ($53.01 million), up 0.6 percent from the previous May. It was the 13th consecutive month of decline in production volume and the first year-on-year increase in shipment value...
Both production volume and shipment value of rubber hoses was down year on year for the month of April, according to records collated by the Japan Rubber Hose Manufacturers Association. Based on statistics from Japan’s Ministry of Economy, Trade and Industry, the records reveal that production volume of hoses for April was 2,700 tons in terms of new-rubber volume, which...
